Student debts are expected to be slashed this year after the federal government announced it was changing the way higher education loans are indexed each year.
Were wiping more than $3 billion of HECS debt for more than 3 million Australians, Education Minister Jason Clare said recently.
But how will the change to HECS indexation actually work? And what will it mean for you? Heres a quick guide.
The government is going to apply credits to all student debts that were indexed on June 1 last year, and June 1 this year.Credit: Peter Braig
When does HECS indexation occur, and what is the HECS change in 2024?
Currently, student loans mostly Higher Education…
Read the full article at: https://www.smh.com.au/politics/federal/how-the-changes-to-higher-education-debts-will-affect-you-20240524-p5jgdi.html
